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Durable Goods Orders in the United States came better than expected yesterday. The MoM release shows an increase of 7.3%, higher than expectations of 7%.
It is another sign of improvement, albeit a timid one. The increase follows a 15.1% increase in May, a promising sign for new orders, and the pick-up in overall economic activity.
Core Orders Declined
Despite the better than expected headline, the core number, that excludes aircraft, missed expectations. Furthermore, the…
The post U.S. Durable Goods Beating Expectations Two Days Ahead of the Fed Meeting appeared first on Vantage Point Trading.
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